Wednesday, May 18, 2016

Planet Fitness, Inc. Pumps Up Full-Year Outlook

Plnt No Critics Planet FitnessPlanet Fitness opened 48 new franchise stores in the fourth quarter, bringing its total store count to 1,171 as of March 31, 2016. The company also experienced a 6.8% increase in systemwide same-store sales. Together, that helped drive an 8.3% year-over-year increase in total revenue to $83.3 million.

Planet Fitness reiterated its 2016 guidance for between 210 and 220 new franchised store openings, and systemwide same-store sales growth in the mid-single digit range. . . . more

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